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Nonprofit · EIN 87-4101609

ONE CITY SCHOOLS FOUNDATION INC

Tax-exempt · MONONA, WI 53713

Financials

$5.8M$6.3M2022$4.8M$5.5M2023$5.9M$5.1M2024
Revenue Expenses · by fiscal year end
Financials of ONE CITY SCHOOLS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,906,789$5,081,774$825,015$16,607,694$129,344$16,478,350
June 30, 2024990$4,821,898$5,496,013-$674,115$15,698,813$43,547$15,655,266
June 30, 2023990$5,798,580$6,252,476-$453,896$16,635,510$306,078$16,329,432
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,700,955
Program service revenue
$201,862
Investment income
$3,972
Net gain from sales of assets
$3,972
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,521,661
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$5,017,786
Management and general (functional)
$63,988

Balance sheet and other

Total assets, start of year
$15,698,813
Total assets, end of year
$16,607,694
Total liabilities, end of year
$129,344
Net assets, end of year
$16,478,350
Net assets without donor restrictions
$16,478,350
Gross receipts
$5,906,789
Employees
0
Volunteers
10
Year formed
2021
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KALEEM CAIREFOUNDER/ CEO OF ONE CITY SCHOOLS
Officer
21$0$209,273$10,799
GAIL WISEMANCOO
Officer
21$0$122,005$10,680
ADAM CLAUSENDIRECTOR
Trustee or director
1$0$0$0
NOBLE WRAYCHAIR
Trustee or director, Officer
2$0$0$0
TORREY JAECKLETREASURER
Trustee or director, Officer
2$0$0$0
GLORIA LADSON-BILLINGSDIRECTOR
Trustee or director
1$0$0$0
RAGHU RAMAKRISHNANDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL KALEEM CAIREFOUNDER & CEO
Officer
21$0$189,266$15,418
GAIL WISEMANCOO
Officer
1$0$105,300$14,233
ADAM CLAUSENDIRECTOR
Trustee or director
1$0$0$0
GLORIA LADSON-BILLINGSDIRECTOR
Trustee or director
1$0$0$0
JUAN JOSE LOPEZDIRECTOR
Trustee or director
1$0$0$0
NOBLE WRAYCHAIR
Trustee or director, Officer
1$0$0$0
RAGHU RAMAKRISHNANDIRECTOR
Trustee or director
1$0$0$0
SALLI MARTYNIAKDIRECTOR
Trustee or director
1$0$0$0
TORREY JAECKLETREASURER
Trustee or director, Officer
1$0$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL KALEEM CAIREFOUNDER AND CEO
Officer
20$0$172,448$29,070
NOBLE WRAYCHAIR
Trustee or director, Officer
1$0$0$0
JOSEPH KRUPPVICE CHAIR
Trustee or director, Officer
1$0$0$0
CAROLA GAINESSECRETARY
Trustee or director, Officer
1$0$0$0
TORREY JAECKLETREASURER
Trustee or director, Officer
1$0$0$0
ADAM CLAUSENDIRECTOR
Trustee or director
1$0$0$0
GLORIA LADSON-BILLINGSDIRECTOR
Trustee or director
1$0$0$0
JUAN JOSE LOPEZDIRECTOR
Trustee or director
1$0$0$0
SALLI MARTYNIAKDIRECTOR
Trustee or director
1$0$0$0
RAGHU RAMAKRISHNANDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1707 W BROADWAY, MONONA, WI 53713-1834
Principal officer (990 for 2024)
MICHAEL KALEEM CAIRE, 1707 WEST BROADWAY, MADISON, WI 53713
Signed the 990
MICHAEL KALEEM CAIRE, FOUNDER AND CEO
Phone
(608) 531-2128
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO BE OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF ONE CITY SCHOOLS, INC.

990 for the year ended June 30, 2025

Program accomplishments

  • SOLICITS FUNDING FOR AND PROVIDES SUPPORT TO ONE CITY SCHOOLS, INC.
    Expenses $5,017,786 · grants $4,521,661 · revenue $201,862

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
87-4101609
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$16,607,694
Income (IRS master file)
$5,906,789

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,906,789$5,081,774$16,607,694IRS
990June 2024$4,821,898$5,496,013$15,698,813IRS
990June 2023$5,798,580$6,252,476$16,635,510XML
990June 2022$17,039,587$256,460$17,125,786IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4101609).

Questions about ONE CITY SCHOOLS FOUNDATION INC

What is the EIN of ONE CITY SCHOOLS FOUNDATION INC?
The employer identification number (EIN) of ONE CITY SCHOOLS FOUNDATION INC is 87-4101609.
Is ONE CITY SCHOOLS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to ONE CITY SCHOOLS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does ONE CITY SCHOOLS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ONE CITY SCHOOLS FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ONE CITY SCHOOLS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ONE CITY SCHOOLS FOUNDATION INC?
The 990 for the year ended June 30, 2025 names MICHAEL KALEEM CAIRE.
Who are the officers and directors of ONE CITY SCHOOLS FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does ONE CITY SCHOOLS FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,906,789, expenses of $5,081,774 and total assets of $16,607,694 at year end.

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